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Inflation: PCE Price Gauge Rises 2.7%, Wall Street Reacts Surprisingly – Get the Latest Updates Here

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In New York City, the all-items PCE price gauge rose by 2.7%, slightly higher than the estimated 2.6%. This increase includes food and energy costs. On a monthly basis, both measures saw a 0.3% increase, in line with expectations and equal to the rise seen in February. Despite the rise in prices, consumers demonstrated resilience in their spending habits. Personal spending increased by 0.8% during the month, exceeding the estimated 0.7%. Personal income also saw …

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Inflation Gauge from the Fed Reveals Surprising Results – Investors React!

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Washington, D.C. – Economists are eagerly awaiting the release of the personal consumption expenditures price index on Friday morning, as it will provide key insights into the latest inflation metrics for the Federal Reserve. Analysts predict that headline PCE for March grew by 0.3% from the previous month and by 2.6% from the same time last year. Core prices, which exclude food and energy costs, are expected to have increased by 0.3% on a monthly …

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